Meanwhile, across the pond…
Ok, well there were some notable headlines to start the week…
…and all the commentary was accompanied by stock photos of people in hard hats making shit with screwdrivers.
“All this combines to suggest a volatile fourth quarter. Year-end themes remain elusive.”
“This might seem trite, but the scariest thing in today’s market is currency strength. No one wants it. No one can afford it.”
There will be blood.
“Its activity profile is unusual.”
Leader of the free world.
“…most likely you will get some Swiss franc support on the back of those results.”
To be sure, this looks like it will hit the euro in early trading. The single currency will likely knee-jerk lower against both the yen and the franc and you can expect to see a flight-to-safety bid in fixed income.
“To some extent the market’s resilience is justified; in other cases, however, it looks like a case of when rather than if potential shocks get priced in.”
“Global political developments have kept us on our toes and will continue to do so through the fall and into next year. Investors should brace for a bumpy ride.”
Ok, well this was an interesting week…
“…at the turn of the tide.”